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Stock Market & Financial Investment News

News Breaks
July 28, 2014
13:11 EDTVZ, TMUS, T, ST-Mobile new offering substantive, says Wells Fargo
After T-Mobile (TMUS) unveiled a new promotion that will offer a family of four 10 GB of data for $100 per month, Wells Fargo notes that T-Mobile's main competitors charge about $160 per month for similar services. The firm thinks that the new offer has the most substance of any deal that T-Mobile has offered recently. The company seems to be making a move in the important back to school period, adds the firm, which keeps a Market Perform rating on the stock. Other wireless service providers include Sprint (S), Verizon (VZ), and AT&T (T).
News For TMUS;S;T;VZ From The Last 14 Days
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January 26, 2016
07:53 EDTSRBC Capital to hold a field trip
Brazil Telecoms Trip travels throughout Sao Paulo, Brazil visiting with various companies on January 26-27.
07:45 EDTSSprint establishing network-related financing entity in partnership with SoftBank
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07:43 EDTSSprint reports Q3 postpaid phone net additions of 366,000
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07:40 EDTSSprint sees FY16 Adjusted EBITDA rising to $9.5B-$10B
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07:39 EDTSSprint raises FY15 adjusted EBITDA view to $7.7B--$8B from $6.8B-$7.1B
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07:33 EDTSSprint reports Q3 adjusted EBITDA of $1.9B
Sprint reported net operating revenue of $8.1B, operating loss of $197M, and Adjusted EBITDA of $1.9B.
07:32 EDTSSprint reports Q3 EPS (21c), consensus (25c)
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06:37 EDTSCertain Sprint users get $5 discount for watching mobile ads, WSJ says
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January 25, 2016
16:00 EDTTOptions Update; January 25, 2016
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14:40 EDTTAT&T volatility elevated into Q4 and outlook
AT&T January weekly call option implied volatility is at 30, February is at 18; compared to its 52-week range of 13 to 27, suggesting large near term price movement into the expected release of Q4 results on January 26.
14:29 EDTSNotable companies reporting before tomorrow's open
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14:21 EDTSSprint confirms over 2,500 jobs eliminated in latest cuts, KC Star reports
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14:19 EDTTAT&T technical notes before earnings
The key support level for the shares is at $32.50, the bottom of its trading range for the most part since February 2014. If the news is negative, the $32.50 area could be tested. A breakdown below that level would be a technical negative, voiding years of support. Next downside objectives would then be at $31.52 and $30.54. If the news is a positive surprise, there is long-run level of resistance at $37 that would be the first big upside test. A move above $37 would resolve a nearly 2-year long trading range bullishly. Next resistance would be at $37.86.
09:08 EDTTAutoZone to deploy AT&T services at its locations in the U.S.
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09:04 EDTS, T, TMUS, VZSprint doubles number of LTE Plus markets
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07:32 EDTSTMC to hold a conference
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05:19 EDTSStocks with implied volatility movement; SWN SCTY
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January 24, 2016
18:56 EDTVZVerizon pursuing sponsored content for go90, Reuters says
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18:28 EDTTAT&T potentially circling Time Warner, New York Post says
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11:02 EDTVZStocks post weekly gain after oil rebounds
Stocks recovered late in the week to post their first weekly gain of the new year as equities continue to be correlated closely with the oil market. A plunge in oil led equities lower early in the holiday shortened week, but as oil prices rebounded to close the week out, the major averages followed suit. MACRO NEWS: In the U.S., the consumer price index fell 0.1% during December, versus expectations for a flat reading. The core reading, which excludes food and energy, showed prices rose 0.1% from the prior month, versus expectations for an increase of 0.2%. Initial jobless claims rose to 293,000 last week, topping the expectation for 278,000 first-time claims. Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast... In Asia, China's national bureau of statistics estimated that GDP growth slowed to 6.8% in the last quarter of the year, dipping from 6.9% growth in the previous quarter. China's industrial output rose 5.9% from a year earlier in December, compared with the consensus forecast for a 6% increase. Japan's Nikkei average was down early in the week, even falling into bear market territory, but rallied nearly 6% on Friday after the Nikkei Asian Review said that the Bank of Japan is taking a "serious look" at additional easing... In Europe, the European Central Bank left its key interest rates unchanged. However, at an associated press conference, ECB President Mario Draghi acknowledged downside risks were increasing again, meaning the bank may need to "review and possibly reconsider" its monetary policy stance at its next meeting in March. Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. The International Monetary Fund cut its global growth forecasts for the third time in less than a year. The IMF now estimates that the world economy will grow 3.4% this year and 3.6% next year, down from its prior forecasts of 3.6% and 3.8% growth, respectively. COMPANY NEWS: On Tuesday, Morgan Stanley (MS) advanced 1% after its earnings and revenue topped analysts' consensus forecast. Big bank peer Bank of America (BAC) slid 1% after its earnings also beat expectations but its revenue narrowly missed the consensus estimate... On Wednesday, IBM (IBM) slid nearly 5% after reporting better than expected earnings and revenue for the fourth quarter, but forecasting below-consensus profits for the new year... On Thursday, Verizon (VZ) was among the best performers on the Dow, advancing over 3% after its earnings, revenue and wireless subscriber additions all topped expectations. Conversely, fellow Dow member Travelers (TRV) slid almost 1% after releasing its own quarterly results... On Friday, American Express (AXP) sunk more than 12% after the card issuer reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors. Fellow Dow member GE (GE) slid a bit more than 1% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) shares gained 6% after the oil services giant reported earnings that topped expectations, approved a quarterly dividend of 50c per share and a new share repurchase program of $10B and said it plans to cut 10,000 more jobs... Netflix (NFLX) reported fourth quarter earnings that beat analyst estimates, powered by better than expected international subscriber growth. The numbers were met with positive commentary by several research firms, though decelerating U.S. subscriber growth was highlighted by bears as a warning sign for the company... Deutsche Bank (DB) disclosed that it expects a EUR2.1B net loss for the quarter due to a number of charges, including expected litigation costs of EUR1.2B... Xilinx (XLNX) advanced after reporting its third quarter numbers. The news may have been overshadowed, however, by a regulatory filing showing new agreements with its top executives, with several analysts highlighting that the change could signal a takeover is in the cards in the future... Alkermes (ALKS) plunged more than 44% after disclosing that two of three Phase 3 studies of its experimental depression disorder treatment did not meet their primary efficacy endpoints. INDEXES: For the four-day week, the Dow gained about 0.67% to close at 16,093.51, the S&P 500 rose about 1.4% to close at 1,906.90, and the Nasdaq increased about 2.3% to close at 4,591.18.
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